Question

Company XYZ declares an annual dividend of 10% to the shareholders having 12,000 shares of face value of ₹100.

i)Calculate the total amount of
dividend paid by the
company.

ii)Ashish had bought 100
shares of the company at
₹160 per share. Calculate the
dividend he received.​

Answer 1

Answer:

1) 12000*100*10%= 1,20,000

2) 100*100*10%= 1,000

Step-by-step explanation:

2) as divided is declared on face value, ashish will receive dividend on 100 shares @FV of rs. 100 @ 10%